Copper Gains in London Before U.S. Payrolls: LME Preview
Copper rose in London before the U.S. government jobs report for September that economists say will show gains for payrolls, boosting the demand outlook for industrial metals.
-- Copper gained 0.2 percent to $8,314 a metric ton at 7:43 a.m. on the London Metal Exchange. Relative strength index 63. -- Aluminum rose 0.2 percent to $2,115.25 a ton. RSI 60. -- Nickel was down 0.1 percent at $18,665 a ton. RSI 67. -- Lead fell 0.1 percent to $2,286.75 a ton. RSI 68. -- Tin was little changed at $22,520 a ton. RSI 67. -- Zinc gained 0.5 percent to $2,076.25 a ton. RSI 58. Other markets: Last % Change % YTD U.S. Dollar Index 79.36 0.0 -1.0 Crude Oil $91.42 -0.3 -7.5 Gold $1,793.15 0.2 14.7 MSCI World Index 1,330.17 0.1 12.5 Economic Events: Forecast Prior Time (London) GE Factory Orders -0.5% 0.5% 11:00 US Change in Nonfarm Payrolls 115K 96K 13:30 US Unemployment Rate 8.2% 8.1% 13:30 US Consumer Credit $7.25B -$3.276B 20:00
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